Exodus Movement (NYSEAMERICAN:EXOD) CFO James Gernetzke Sells 5,682 Shares

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) CFO James Gernetzke sold 5,682 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $7.35, for a total transaction of $41,762.70. Following the completion of the transaction, the chief financial officer directly owned 463,988 shares in the company, valued at $3,410,311.80. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Exodus Movement Price Performance

NYSEAMERICAN:EXOD opened at $7.41 on Friday. The firm has a 50-day moving average of $6.01 and a 200-day moving average of $7.15. The company has a market cap of $223.78 million, a PE ratio of -2.46 and a beta of 2.02. Exodus Movement, Inc. has a one year low of $4.57 and a one year high of $32.92.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its earnings results on Monday, August 10th. The company reported ($0.62) earnings per share for the quarter. Exodus Movement had a negative net margin of 79.87% and a negative return on equity of 36.07%. The company had revenue of $26.23 million during the quarter. On average, equities research analysts expect that Exodus Movement, Inc. will post -1.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EXOD has been the topic of a number of research analyst reports. Cantor Fitzgerald boosted their price target on shares of Exodus Movement from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Zacks Research upgraded Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Benchmark lowered their price objective on Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Northland Securities set a $8.50 price objective on shares of Exodus Movement in a report on Wednesday, August 12th. Finally, BTIG Research cut their target price on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $15.92.

Institutional Trading of Exodus Movement

A number of institutional investors have recently added to or reduced their stakes in EXOD. Royal Bank of Canada lifted its holdings in shares of Exodus Movement by 42,971.4% in the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after buying an additional 3,008 shares in the last quarter. Impact Partnership Wealth LLC purchased a new stake in Exodus Movement in the 1st quarter worth approximately $66,000. Aristides Capital LLC purchased a new stake in Exodus Movement in the 4th quarter worth approximately $164,000. Vident Advisory LLC bought a new position in Exodus Movement in the 2nd quarter valued at $369,000. Finally, Vontobel Holding Ltd. boosted its holdings in Exodus Movement by 9.3% in the 4th quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock valued at $226,000 after purchasing an additional 1,295 shares during the period.

About Exodus Movement

Exodus Movement, Inc is a software company focused on developing user-friendly tools for managing digital assets. Its flagship product, the Exodus Wallet, is a non-custodial cryptocurrency wallet available on desktop and mobile platforms. The wallet enables users to secure, send, receive and exchange a broad range of digital currencies while retaining full control of their private keys. With built-in portfolio tracking and an integrated exchange feature powered by third-party liquidity providers, Exodus offers a one-stop interface for both newcomers and experienced crypto enthusiasts.

Since its initial release in mid-2016, Exodus has expanded support to over 100 cryptocurrencies and tokens, including major assets such as Bitcoin, Ethereum and Litecoin as well as numerous ERC-20 tokens.